48/50 High Street, Cheltenham
The property is a mid-terrace building over 3 floors and the available unit on the ground floor comprises 2 interlinked retail areas with a store, kitchen point and WC to the rear. The frontage is in 2 parts and is fully glazed with a small display area.
There is a public car park is situated on St James Street.
The property has an EPC Rating of C-65. Certificate Reference No. 0940-1991-0390-0461-1060.
The property is situated just outside the pedestrianised area of Cheltenham's High Street, close to its junction with Bath Road.
This is a well-established retail location with a number of notable occupiers within a few minutes' walk including the new John Lewis store, Next a Sainsburys Convenience Store, Argos and Iceland.
The immediate vicinity is popular with evening trades such as public houses, cafes and takeaways.
Approximate net internal area
Main retail area: 73.55 sq m (792 sq ft)
Secondary retail area: 18.21 sq m (196 sq ft)
Store: 27.26 sq m (293 sq ft)
The assessment currently appearing on the Valuation Office Agency website is as follows:
Rateable Value: £19,750
Rate in £ 2019/2020: 0.491
Prospective occupiers should check with the Local Authority to establish any transitional relief that may be applicable.
General retail which falls within Class A1 of the Use Classes Order 1987. It may suit alternative uses subject to the necessary consents being obtained.
The property is offered by way of a new lease for a term to be agreed.
All rentals etc exclude the liability of VAT, which may be chargeable as an addition and at the appropriate rate prevailing.
Each party to bear their own legal costs incurred in the transaction.
Simon McKeag: 07737 691453
Harry Pontifex: 01242 255242
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